Finance News: Latest Financial News, Finance News today in Bangladesh

Muhith rules out economic fallout

Finance minister AMA Muhith said on Sunday it is a myth the government cannot do business in all areas."There are many areas where only the government needs to do business. And the government can attain success there," he said.He made the comments at a function where state-run Sadharan Bima Corporation...

Central banks of Russia, BD to create a platform

The central banks of Bangladesh and Russia will provide a platform to discuss topical issues on financial and banking cooperation between the two countries.The recently held meeting of Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation of the two countries agreed to assign the task to their central banks.They...

Business climate, tax reforms can woo FDI

Speakers on Sunday stressed congenial business climate, taxation reform and long-term policy support to attract more foreign direct investment (FDI).They also called for addressing investors' grievances, greater coordination between agencies and changing the policymakers' mindset towards foreign investors.The observations and suggestions were made at a seminar styled 'Investment Bangladesh-FDI Opportunities'...

Korea-led joint venture to work as project consultant

A South Korea-led joint venture will work as the project implementation consultant (PIC) for the regional corridor (Elenga to Rangpur) development project.Led by the Korea Consultants International (KCI) Company Ltd., the joint venture comprises companies from Japan, Germany, the Philippines, India and Bangladesh. The Roads and Highways Department (RHD) signed...

BB issues show-cause notices to nine banks

The central bank issued show-cause notices to nine banks on Sunday for allegedly providing misleading information about foreign exchange rate, particularly for importers."We've issued the show-cause notices based on the findings of our investigation conducted in the port city from October 18 to 22," a senior official of the Bangladesh...

ACC sues Farmers Bank ex-MD, six others

The Anti-Corruption Commission (ACC) filed on Sunday a case against seven people, including six high officials of Farmers Bank, for embezzling Tk 300 million from the bank, reports UNB.The ACC filed the case with Gulshan Police Station for embezzling the money, said ACC public relations officer Pranab Kumar Bhattacharya.Deputy Director...

Lankan political crisis turns violent: One dead

COLOMBO, Oct 28 (AFP): One man died and two others were injured when shots were fired Sunday in Sri Lanka, as a constitutional crisis over the shock sacking of Prime Minister Ranil Wickremesinghe turned violent.Bodyguards for Petroleum Minister Arjuna Ranatunga fired five rounds as a mob loyal to Sri Lanka's...

Calling off strike not possible now, says transport leader

General secretary of Bangladesh Road Transport Workers Federation Osman Ali said on Sunday now it is not possible to withdraw their ongoing 48-hour strike, reports UNB."The minister gave his opinion on the media but he could have talked to us. The matter could be resolved through dialogue," he said while...

Correction (29-10-2018)

The name of group chairman of Standard Chartered Bank José Viñals was misspelt on the back page of the October 28 issue of the FE. The inadvertent mistake is regretted.